SEATTLE - (05/22/06) A Kent woman pleaded guiltylast week to hijacking dozens of identities by rifling throughmailboxes, and using the stolen identities to loot bank and creditunion accounts. Jane Lunbeck, 48, pleaded guilty to federal chargesof bank fraud and aggravated identity theft. Prosecutors said sheused stolen mail to create fake Ids to raid her victimsaccounts, taking as much as $10,000 from a members accountsat Boeing Employees CU. A raid of Lunbecks apartment turnedup 69 pieces of stolen mail belong to 36 different people. Shefaces up to 30 years in prison when she is sentenced on Sept.22.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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